Areas such as trading and M&A will most likely begin relocating.
Some employees in areas such as trading and M&A will most likely begin relocating from London to either Frankfurt or Madrid after the bank soured on Paris as an option, the people said, asking not to be identified as the plans are private. The bank backtracked on the French capital after discussions with local regulators and government officials, the people said. Positions not filled with relocations will lead to local hires.
Credit Suisse is one of the few European banks still to outline plans for its London-based operations after the U.K.’s withdrawal from the European Union.
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